How Much Does 2003 Kia Spectra Insurance Cost?

Trying to find the cheapest insurance coverage rates? Buyers have lots of choices when searching for low-cost Kia Spectra insurance. You can either spend your time calling around to get rate comparisons or save time using the internet to find the lowest rates.

There is a better way to shop for insurance coverage so we’re going to tell you the proper way to price shop coverage for your Kia and locate the lowest possible price from local insurance agents and online providers.

It’s a great practice to compare rates once or twice a year because rates are rarely the same from one policy term to another. Despite the fact that you may have had the best deal on Spectra insurance a few years ago you can probably find a lower rate today. Starting right now, ignore everything you know about insurance coverage because I’m going to teach you the fastest way to save on insurance coverage.

If you have a policy now or need a new policy, you can follow these tips to reduce the price you pay while maintaining coverages. The purpose of this post is to teach you how to get online quotes and some money-saving tips. Drivers only need to know the most effective way to shop their coverage around online.

Why you might be paying too much to insure your Kia Spectra

An important part of buying insurance is that you know the rating factors that play a part in calculating the rates you pay for insurance. Knowing what influences your rates allows you to make educated decisions that could result in lower insurance prices.

Shown below are some of the items companies use to determine premiums.

  • Discounts for married couples – Having a spouse actually saves money when buying insurance. It translates into being more mature and responsible and statistics show being married results in fewer claims.
  • Keep rates low by being claim-free – Car insurance companies give discounts to policyholders who are claim-free. If you file claims often, you can expect either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Extra coverages can waste money – There are a lot of add-on coverages that you can buy on your insurance policy. Things like rental car reimbursement, towing coverage and membership fees may be wasting your money. These coverages may sound good initially, but your needs may have changed so remove them from your policy.
  • Liability coverage is peace of mind – Your policy’s liability coverage is the coverage that protects you when you are found to be at fault for damages from an accident. Liability provides legal defense coverage starting from day one. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should carry high limits.
  • Consolidate policies to earn discounts – Most insurance companies will award you with lower prices to policyholders who consolidate policies with them in the form of a multi-policy discount. Even with this discount, you may still want to comparison shop to ensure the best deal.

Discounts to lower 2003 Kia Spectra insurance rates

Insurance can be prohibitively expensive, but discounts can save money and there are some available to help bring down the price. Most are applied when you quote, but some may not be applied and must be asked for in order for you to get them. If you don’t get every credit available, you are throwing money away.

  • Paperwork-free – Some insurance companies will discount your bill up to fifty bucks just for signing your application over the internet.
  • Lower Rates for Military – Being on active duty in the military could mean lower rates.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% on Spectra insurance with certain companies.
  • No Accidents – Drivers with accident-free driving histories pay much less when compared with frequent claim filers.
  • Discount for Life Insurance – Some companies give better rates if you take out a life insurance policy as well.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class if offered at their school.
  • Good Student – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can get savings of 20% or more.

Consumers should know that some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way. But all discounts will bring down the cost of coverage.

A partial list of companies that possibly offer these money-saving discounts are:

It’s a good idea to ask each company which discounts you may be entitled to. Savings might not apply in every state.

Don’t believe everything you hear

Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as Progressive, Geico, Allstate and State Farm. They all seem to have a common claim about savings after switching your policy.

But how can every company make almost identical claims?

All companies are able to cherry pick for the driver that is profitable for them. An example of a profitable customer might be profiled as a mature driver, has no driving citations, and has a high credit rating. A propective insured that hits that “sweet spot” will get very good rates and as a result will probably save when they switch companies.

Potential customers who don’t meet these standards must pay more money which leads to the customer not buying. The ads state “people who switch” not “everyone that quotes” save money. This is how insurance companies can advertise the savings.

This illustrates why you need to get as many comparisons as possible. It’s just too difficult to predict which company will fit your personal profile best.

Tailor your coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s needs are different.

For example, these questions might help in determining if you will benefit from professional help.

  • When should I buy a commercial auto policy?
  • Do I need replacement cost coverage?
  • Am I covered when delivering products for my home-based business?
  • What is the minimum liability in my state?
  • Am I covered when driving in Canada or Mexico?
  • Does my 2003 Kia Spectra need full coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form. It is quick, free and may give you better protection.

Detailed coverages of your car insurance policy

Having a good grasp of a car insurance policy can help you determine the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and coverage can change by endorsement.

Collision coverage – Collision coverage covers damage to your Spectra from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like sideswiping another vehicle, colliding with a tree, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Auto liability insurance – Liability insurance protects you from damages or injuries you inflict on other’s property or people in an accident. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as repair costs for stationary objects, structural damage, bail bonds, emergency aid and funeral expenses. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Kia Spectra.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually these limits do not exceed the liability coverage limits.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for immediate expenses like pain medications, dental work, funeral costs and ambulance fees. They are often used in conjunction with a health insurance plan or if you do not have health coverage. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive protection – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as falling objects, vandalism, hitting a deer, rock chips in glass and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Power to the consumer

In this article, we presented many tips how you can shop for 2003 Kia Spectra insurance online. The key thing to remember is the more you quote, the more likely it is that you will get a better rate. You may even discover the biggest savings come from a small local company.

Consumers switch companies for many reasons like lack of trust in their agent, not issuing a premium refund, being labeled a high risk driver or delays in responding to claim requests. Regardless of your reason, finding a great new company can be easy and end up saving you some money.

Cheap insurance is available both online and with local insurance agents, so you should compare both so you have a total pricing picture. Some insurance coverage companies do not offer the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.

Much more information about insurance coverage is located on the following sites: